Claims came in better than expected, 709,000 signaling more improvement in the labor market. And treasury yields dropping sharply following yesterdays bond market closure. Thats putting pressure on banks, which are among todays worst performers though still strong performers for the week 59 minutes left in the session, sara every sector firmly in the red. Ahead on todays show, chipotle unveiling its first ever digital only restaurant this week without a dining room or a line for ordering we will speak with the ceo brian noccol about the strategy there. And Jeremy Grantham said he thought the market was a mccoy bubble we will get an update on his that it is since those comments. Disney, pal an tear and cisco reporting after the bell we will bring you the numbers as they happen. Mike, whats the market dealing with. Contending with worries pileup of news on the shutdown, on the virus, maybe getting worried about what growth is going to look like in the First Quarter or two the s p 500 was
Note investors, of course, closely monitoring the condition of the president and also keeping a close eye on any progress and stimulus talks we are, as well. Not to mention there is fallout, as well, regarding covid shares of cina world tumbling. The second largest movie chain Regal Cinemas suspending operations at all locations, carl jim, the headline still crossing from meadows talking to fox earlier today saying the president is committed to getting an aid bill done wants to move expeditiously but also be fiscally responsible thats certainly where the markets focus is going to be o today. The fact that the president wants to give state aid, that matters. Speaker pelosi wants to do a deal some urgency coming to it. So, the talks this morning i bet will be productive and i think thats very exciting for the market does it matter to you if its piece meal a little bit for airlines or Something Else or do you still crave something comprehensive is. As long as theres something for states,
Latest work. All after words programs are available as podcasts. Host its perfect to be with you. I know we talked at the university of california Washington Center several years ago but its nice to see you again and your book, breaking the twoparty doom loop weaves history, Political Science and concrete reforms together and they really for knitting way and in a way that really resonated with me and was a pleasure to read. Its an important book. To pull back a little bit and ask why do you want to write about Political Parties because i know the first book was focused on lobbying. And in th a universe of potentil reform, the electoral college, one of the biggest ones money and politics you chose to focus on th parties as a linchpin. Can you talk about what drew you to the parties and the process . Guest why did i write this book . Because i was worried about american democracy and i saw a hyper partisan ship as a serious problem in the country and wanted to think about if there was so
It is nice to see you again. Your book, breaking the twoparty do with the mystery of Political Science and has garnered a lot of attention. I just want to start out by pulling you back a little bit and asking you why do you want to write about Political Parties . Your first book was focused on lobbying within the universe of potential reform college and money in politics and executive power, you chose to focus on parties as the linchpin. Can you talk about what drew you two parties in the process . Its good to be with us light reunion here on cspan. So why did i write this book . Because i was worried about american democracy and i saw hyper partisanship as a serious problem affecting the country and wanted to see if there was a way to solve that problem. It imploded it directly from my previous book which is about corporate lobbying the map book had concluded one reason why lobbyists were so powerful in washington dc was because they broke a lot of laws there wasnt knowledge or expert
Decision tomorrow. Ok cutting rates during the sars outbreak. Stimuluspecting fiscal measures out of south korea, not to mention a hong kong budget so lets get a check of the markets with our cross assets reporter. Downading at session lows, 1. 9 . The nikkei two to five bringing yeartodate losses to more than 6 . Beensi 300 stocks have paring some of the losses, but still down. Hong kong done more than 1 . Fluctuation in 0. 25 . Ow up 0. 5 i want to look closer at the technicals when it comes to the nikkei 225. When you are in a deep selloff, when does it end . Can bees moving averages looked at as Technical Levels of support. It already dropped to the 50day and 100day moving averages. Moving average currently holding, bouncing off that level. We will see if we can close above it. If not, it could portend a super selloff. Lets get more Market Reaction in korea. David ingles is in hong kong. What stands out to you . On top of the price declines in the south korean won , for example, we